ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

11 E 44TH STREET, SUITE 700, NEW YORK, New York, 10017, (212) 452-9119

Report Date: 06/30/2014

Position Statistics

Total Positions 98
New Positions 11
Increased Positions 25
Decreased Positions 13
Positions with Activity 38
Sold Out Positions 4
Total Mkt Value (in $ millions) 337

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 13.9%
Capital Goods 7.57%
Conglomerates
Consumer Cyclical 0.18%
Consumer/Non-Cyclical 0.34%
Energy 5.48%
Financial 29.84%
Healthcare 11.8%
Services 10.11%
Technology 15.86%
Transportation
Utilities

98 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
AERCAP HOLDINGS NV SHS -409 Sold Out 0
ANNALY CAP MGMT INC COM -107 Sold Out 0
APOLLO COML REAL EST FIN INC COM -157 Sold Out 0
TIVO INC COM -640 Sold Out 0
CAPITAL ONE FINL CORP COM 979 -6,771 (87.36) 12,000
ASSURED GUARANTY LTD COM 6,356 -24,951 (79.7) 286,837
AMKOR TECHNOLOGY INC COM 1,158 -4,289 (78.74) 137,711
EXXON MOBIL CORP COM 282 -564 (66.67) 3,000
PUBLIC STORAGE COM 548 -498 (47.57) 3,306
AMBAC FINL GROUP INC COM NEW 6,460 -5,762 (47.14) 292,327
ADVISORSHARES TR TRIMTABS FLT 259 -207 (44.44) 5,000
ARMOUR RESIDENTIAL REIT INC COM 154 -39 (20) 40,000
COWEN GROUP INC NEW CL A 12,234 -105 (0.85) 3,262,375
ACTIVE POWER INC COM NEW 34 New 16,900
AMBAC FINL GROUP INC WT EXP 043023 406 New 29,200
AMERIANA BANCORP COM 231 New 15,167
AMERICAN HOMES 4 RENT CL A 169 169 New 10,000
AMERICAN RLTY CAP PPTYS INC COM 7,269 New 602,700
APACHE CORP COM 939 New 10,000
APOLLO GLOBAL MGMT LLC CL A SHS 596 New 25,000